Two engineering contracts signed

ITM Power is pleased to announce that we have been awarded two engineering contracts:

• first, a Basic Design Engineering Package (BDEP) contract by an industrial customer for a project in Australia, and
• second, a Front-End Engineering Design (FEED) contract for a project in Canada, which aims to produce hydrogen for transportation from hydroelectric power.

Both contracts, with a combined capacity of 70 MW, will be based on the deployment of multiple units of ITM’s market-leading NEPTUNE V containerised green hydrogen production plant.

Dennis Schulz, CEO, said, “We are excited to be working with our customers on these projects, and to advance the deployment of our NEPTUNE V product into the Australian and Canadian markets.”

For further information, please contact:

ITM Power plc

Justin Scarborough, Head of Investor Relations +44 (0)114 551 1080

or press@itm-power.com 

Berenberg +44 (0)20 3207 7800

Ciaran Walsh, Harry Nicholas

J.P. Morgan Cazenove +44 (0)20 7742 4000

Richard Perelman, Charles Oakes

About ITM Power plc: 

ITM Power was founded in 2000 and ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.